+
Govt gets 5 proposals worth Rs 1.53 lakh cr for chip, display units
ROADS & HIGHWAYS

Govt gets 5 proposals worth Rs 1.53 lakh cr for chip, display units

According to a statement, the central government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore.

The Ministry of Electronics and IT said Companies like Vedanta Foxconn JV, IGSS Ventures and ISMC had proposed to set up electronic chip manufacturing plants with an investment of $13.6 billion and sought the support of $5.6 billion from the government under the Rs 76,000 crore Semicon India Programme.

Vedanta and Elest have proposed to set up a display manufacturing plant with an investment of $6.7 billion and sought the support of $2.7 billion from the government under the scheme for setting up Display Fabs across India.

SPEL Semiconductor, HCL Technologies, Syrma Technology and Valenkani Electronics have registered for semiconductor packaging, and Ruttonsha International Rectifier has registered for compound semiconductors.

Other companies, including Terminus Circuits, Trispace Technologies and Curie Microelectronics, have submitted applications under the Design Linked Incentive Scheme.

Image Source

Also read: Vedanta partners with Foxconn to produce semiconductors in India

According to a statement, the central government has received proposals from five companies for setting up the electronic chip and display manufacturing plants with an investment of Rs 1.53 lakh crore. The Ministry of Electronics and IT said Companies like Vedanta Foxconn JV, IGSS Ventures and ISMC had proposed to set up electronic chip manufacturing plants with an investment of $13.6 billion and sought the support of $5.6 billion from the government under the Rs 76,000 crore Semicon India Programme. Vedanta and Elest have proposed to set up a display manufacturing plant with an investment of $6.7 billion and sought the support of $2.7 billion from the government under the scheme for setting up Display Fabs across India. SPEL Semiconductor, HCL Technologies, Syrma Technology and Valenkani Electronics have registered for semiconductor packaging, and Ruttonsha International Rectifier has registered for compound semiconductors. Other companies, including Terminus Circuits, Trispace Technologies and Curie Microelectronics, have submitted applications under the Design Linked Incentive Scheme. Image Source Also read: Vedanta partners with Foxconn to produce semiconductors in India

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?